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Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
EconomyMacroeconomyyear’s figure for the same period came to 1.84 billion. The primary surplus beat its target by 1.36... million noted in April. The balance for May last year landed on a surplus of 114 million. The budget... recorded in the year so far. For the same period last year, the deficit came to 1.24 billion. Although
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Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
EconomyMacroeconomyon Thursday. The unemployment rate in May last year was 21.7 percent. The latest rate is the first time... percent, before surpassing it in October that year to 20.2 percent, and eventually reaching...-on-month, representing a rise of 1.3 percent. Compared to the same month last year, the figure
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July primary cash surplus at 6.75 bln as revenue rise outstrips expenditure
EconomyMacroeconomyin the first seven months of the year, Bank of Greece (BoG) figures have shown. The headline figure includes... compared to the figure for the same time last year, which stood at a deficit of 1.38 billion euros... to the same month last year, and came to 4.71 billion, representing a rise of 2.2 percent. Monthly
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Newsletter 173 -07/09/2018
the 1 percent of GDP reduction in pension spending from next year. Both the government... cuts so the fiscal space for compensatory measures will be dependent on this year’s excess primary... with the institutions that it can change to one-in-one-out from next year. GDP growth slows to 0.2 pct QoQ in Q2
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Unemployment at 18.9 pct in August, unemployed remain under 1 mln
EconomyMacroeconomy(ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate came to 20.8..., employment rose by 25,249 people month-on-month, or an increase of 0.7 percent. Year-on-year... in August compared to July, a drop of 0.9 percent. Compared to August last year, the number of those
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Newsletter 182 -9/11/2018
strategy for SYRIZA. year and then by 1 point each of the following years until it reaches 25... from the payroll. He said the new positions would be announced next year, but the hirings would... change’ scenario over the next two years, which suggests that pension cuts next year and lower tax
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomymonths of the year, up by 311 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in social security funds (SSFs), which were reduced by 412 million euros
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Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
EconomyMacroeconomythat the year already surpassed arrival predictions. In particular, the balance of travel services came... billion noted for the same period last year. The rise was driven largely by a 8.4 percent increase... million. Foreign visitors were up by 9.3 percent year-on-year, which manifested in higher receipts
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Athens starts MTFS process with baseline scenario that sees growth slowing down
Economy. The assumptions remain broadly unchanged from last year’s process, which ran up to 2022. Greece’s nominal GDP is expected to grow by 3.8 percent this year and growth is seen remaining stable in that region... percent in 2023. The estimates are more modest than last year, when 2019 was expected to grow by 4.1
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Newsletter 196 -01/03/2019
quarter of last year, applications increased by 112 percent to 11,455 new cases, compared to 5,412... over the next five years. The assumptions remain broadly unchanged from last year’s process, which ran up to 2022. Greece’s nominal GDP is expected to grow by 3.8 percent this year and growth is seen
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